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a. Why is this firm considered a natural monopoly?
b. If the firm is unregulated, what price and output would maximize its profit? What would be its profit or loss?
c. If a regulatory commission establishes a price with the goal of achieving allocative efficiency, what would be the price and output? What would be the firm's profit or loss?
d. If a regulatory commission establishes a price with the goal of allowing the firm a "fair return" what would be the price and output? What would be the firm's profit or loss?
e. Which one of the prices in parts b,c, and d maximizes consumer surplus? What problem if any occurs at this price?
The United States Bureau of Census publishes employment statistics and demand forecasts for many occupations.
You observe that output is above full-employment output. Politicians are discussing about the possible reasons. One party claims that this is due to a drop in world oil prices.
Happy s Pets inc has had a virtual monopoly anti depressants drugs for animals for many years (similar to Eli lilly product prozac for human) with a patent on this drug it has had very little competition and this drug has been a major source of co..
suppose the firm is facing an output constraint - specifically , the maximum allowable output is 480 units - that is Q
Suppose a closed economy which has suffered from a sub prime crisis. During such a crisis households and bankers often become more cautious.
Until the twelfth century, Latin was the language used between the educated and within literature. Research and report on the origins of vernacular language, and its spread. Assess and evaluate the impacts the spread of vernacular languages on cul..
Over the last three years, as the result of decreasing prices for digital cameras, the price of developing traditional 35mm film has increased 5% yesrly. How would I go about graphing this impact on the market for 35mm cameras.
A monopolist encounters the following demand curve: P=120-0.02Q-What is the level of production, price and total profits per week?
Using the aggregate demand and supply model, draw an economy in a boom with equilibrium national income above full employment GDP.
Calvins's Barber Shops, Corporation, has a monopoly on barbershop services provided in the south side of Chicago because of restrictive licensing needs, and not because of superior operating efficiency.
Between problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound of money supply, a low saving rate, poor capital base, and a lack of foreign exchange.
In Bayonne, New Jersey, there is a large beauty salon and a number of smaller ones. The total demand function for hair styling per day is Q=180-10P, where P is in dollars.
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